Key Bookkeeping Mistakes to Watch For: Are Your Books Lying to You?
Identifying key bookkeeping mistakes early is critical, yet most business owners assume their books are “fine”—until something breaks. If your reports look “off,” you are likely already suffering from skipped or sloppy bank reconciliation. Typically, these errors manifest as a tax bill that looks too high, tight cash flow for no reason, or revenue that […]
The Hidden Cost of “Good Enough Books”: Why Accurate Financials Matter
Effectively, relying on good enough books creates a false sense of security that can quietly undermine your entire business. Unfortunately, many owners believe that “close enough” is acceptable until a payroll error, a missed vendor credit, or a rejected loan application costs them thousands. Specifically, good enough books hide cash leaks, increase audit risk, and […]